what are government tax lien certificates?

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what are government tax lien certificates?

2007-03-01 11:09:20 · 2 answers · asked by fred b 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

A government tax lien certificate is a way for the government to have an investor pay for your outstanding tax bill when you do not or cannot pay it yourself. It creates a lien on the property that has to be satisified upon the home's sale.

2007-03-05 07:32:45 · answer #1 · answered by annazzz1966 6 · 0⤊ 0⤋

Section 6325 of the Revenue Code allows taxpayers to apply for subordination of tax liens on certain types of property.

See the following publications:

1153 (for tax liens on estates)
1450 (requesting a copy)
784 (how to prepare the application)

2007-03-03 18:35:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋